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PRECISION AMERICAN CORP. v. LEASING SERVICE CORP.

85-1495.

505 So.2d 380 (1987)

PRECISION AMERICAN CORPORATION v. LEASING SERVICE CORPORATION.

Supreme Court of Alabama.

March 27, 1987.

Attorney(s) appearing for the Case

Thad G. Long and Michael J. Brandt of Bradley, Arant, Rose & White, Birmingham, for appellant.

Michael L. Hall and Robert S. Vance, Jr. of Johnston, Barton, Proctor, Swedlaw & Naff, Birmingham, for appellee.

TORBERT, Chief Justice.

This action arises out of a commercial lease transaction. Precision American Corporation ("Precision") leased a tree harvester to Southland Timber Company and assigned its lessor's rights under that lease to Leasing Service Corporation ("LSC") and to Credit Alliance Corporation, which is not a party to this appeal. Precision's assignment was with recourse, but the parties dispute the extent of that...

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